LOS ANGELES--(BUSINESS WIRE)--
Global nutrition company, Herbalife Ltd. (NYSE: HLF) announced today
that, on February 17, 2015, after the company completes its audit and
files its annual report on Form 10-K with the SEC, board of directors
member, Leroy Barnes, will be retiring from the board. Barnes will have
served on the board for more than a decade. The company further
announced that, as part of the transition, fellow board member, Richard
Bermingham, will assume Barnes' position as chair of the Audit
Committee, effective November 4, 2014.
Chairman and CEO Michael Johnson said, "The entire Herbalife community
owes Leroy a huge debt of gratitude for his numerous contributions and
dedication to our company. During his decade of service, Leroy has been
an instrumental part of our company, guiding us through our public
offering and most recently serving as chair of the Audit Committee. I
will certainly miss Leroy's excellent guidance and counsel."
Mr. Barnes stated: "It has been a tremendous honor to serve on the
Herbalife board of directors. During my tenure this past decade, the
company has solidified its role as a premier nutrition company providing
good nutrition and economic opportunities to millions of people in more
than 90 countries around the globe. While I will miss my involvement
with this incredible company, I know I am leaving at a time when the
company enjoys strong economic fundamentals, sound internal controls and
transparent financial reporting practices. I have complete confidence in
the company and know that the company is poised for an even brighter
Johnson added, "I wish Leroy the best of everything as he pursues his
other interests and know that he will always be part of the rich 34-year
history of Herbalife."
About Herbalife Ltd.
Herbalife Ltd. (NYSE:HLF) is a global nutrition company that sells
weight-management, nutrition and personal care products intended to
support a healthy lifestyle. Herbalife products are sold in more than 90
countries to and through a network of independent members. The company
supports the Herbalife Family Foundation and its Casa Herbalife program
to help bring good nutrition to children. Herbalife's website contains a
significant amount of financial and other information about the company
The company encourages investors to visit its website from time to time,
as information is updated and new information is posted.
VP, Global Corporate Communications.
Amy Greene, 213-745-0474
Corporate and Investor Relations
Source: Herbalife Ltd.
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